Coventry for Intermediaries cuts residential fixed rates

Published on

Coventry for Intermediaries has reduced rates on standard residential products within its two, three and five-year ranges up to 80% LTV.

The updated products are available to all residential clients, with a number of products specifically targeted at remortgages, product transfers and further advances.

New deals include a 1.29% two-year fix at 65% LTV, with a £999 product fee and another two-year fix at 1.65% for 75% LTV; again with a £999 product fee.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’ve just had a busy couple of days with our very popular 90% LTV products but there’s no need for us to take our foot off the pedal. Our service levels are still in a comfortable position and we can continue to enhance our residential product range.

“The purchase market is really buoyant at the moment but we want to support other clients too – particularly those looking for remortgage or product transfer options. These new rates across a number of products should improve the options available to brokers looking to move their clients on to more suitable mortgage deals.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Leeds lending falls amid technology investment

Leeds Building Society completed £2bn of gross mortgage lending during the first half of...

Foundation revives buy-to-let products and cuts holiday let rates

Foundation Home Loans has refreshed its buy-to-let mortgage range, bringing back several products, adding...

UK residential property transactions edge higher in June

UK residential property transactions rose modestly in June, suggesting that underlying market activity is...

Buyers turn to 1.5 million homes rejected by mainstream lenders

About 1.5 million homes across Britain may fall outside mainstream mortgage criteria, according to...

Consumer Duty has changed culture but firms still face gaps

Consumer Duty has prompted a cultural shift across financial services, but standards continue to...

Latest publication

Other news

Leeds lending falls amid technology investment

Leeds Building Society completed £2bn of gross mortgage lending during the first half of...

Foundation revives buy-to-let products and cuts holiday let rates

Foundation Home Loans has refreshed its buy-to-let mortgage range, bringing back several products, adding...

UK residential property transactions edge higher in June

UK residential property transactions rose modestly in June, suggesting that underlying market activity is...